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confirmation vote in the senator, the decision to float hagel for the pentagon is having the opposite effect. >> i think this will be a very tough confirmation process. >> a lot of republicans are asking hard questions and i don't think he's going to get many republican votes. i think it would be a challenging nomination. >> in another distress signal for the white house, the former vietnam vet and nebraska senator was unable to secure the backing of the number three democrat in the senate. >> that's his choice. i think once he makes it, his record will be studied carefully, but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> wow. schumer's was the sign of this nomination's downward trajectory. after watching on tv, mike allen wrote he received an immediate e-mail from an astute republican official saying, pass the jam, he's toast. so is it game over for hagel? the white house certainly seemed to be backtracking this weekend. a senior official
teal the pentagon is bracing for $500 billion but that is over the next decade and raises questions how military leaders plan to keep the nation safe. >> last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was word he did not say, that word was, sequester, the sequester would automatically cut more than a hundred billion from the budget next year, half from domestic programs and half from defense programs. as the deadline draws close, experts are looking at national security standpoint and warning one final time about the impact on the safety of our service members. >> it's going to affect the operational force that is deployed in terms of its ability to maintain equipment, to get repair parts. that force is delayed around the world, not just the force in afghanistan that is being reduced. it would impact on the training of the force and preparedness. >> reporter: white house officials say it's unclear what is going to happen. on friday john mccain said he doesn't see how a deal gets done without addressing the cuts. >> a lot of defe
that the pentagon says. but is it? chris lawrence has a closer look. >> reporter: to hear the pentagon tell it -- >> sequestration, therefore if it were allowed to happen, will introduce senseless chaos. >> the fiscal cliff -- >> sequestration will have a chaotic effect on the force. >> reporter: is akin to armaggedon. >> i worry about being blindsided by a huge cut because they don't have the strength or courage or guts to do what they have to do. >> happy holidays. >> reporter: the cliff would cut $500 billion in defense spending, but spread out over the next ten years. would these cuts really be that bad? >> absolutely not. >> reporter: analyst ben freeman argues the pentagon can survive on a smaller budget. >> it will drop a little bit. but not catastrophic, doomsday, any sort of hyperbole. >> reporter: perhaps the navy would have to buy less expensive, less advanced fighter jets instead of the new f-35. or the pentagon would have to cut the number of soldiers and marines back to the numbers before 9/11. >> sequestration would risk hollowing out our force. >> reporter: pentagon official
action. our pentagon correspondent barbara starr interviewed one of the moms whose child was alle allegedly mistreated. >> all along this first week when we were being given peace meal information, denied access to videotapes, we were being asked if we wanted to seek medical care for our child. for what, obviously. we wanted to understand and see with our own eyes since that evidence was available. >> barbara starr joins me now from washington. good morning, great to see you. when a terrible story. curious to know, how was this able to go on for so long with nobody blowing the whistle on it? >> this is really the question. let's start with the point that this young mother doesn't want her face shown because she doesn't want her children identified. one is the subject of abuse. she doesn't want her husband to be subject to retaliation. that's the climate we're talking about here. the actual abuse, the allegations, all happened back in september. but that phone call from president obama didn't come until december 14th because the leadership at the pentagon didn't know anything about
center. >> this happened to military families a stone's throw away from the pentagon. if it could happen here, it could happen any high where. >> reporter: this military wife and other of two doesn't want her face shown. cnn has also agreed not to show her children's faces or identify them by age. >> obviously, barbara, i am concerned about the privacy of my children. and then there's always the possibility of retaliation against my husband. >> reporter: it's every parent's nightmare. finding out her toddler was physically assaulted by child care workers at the ft. myer army day care center. the scandal grew to the point if the obama made an unprecedented phone call to army secretary john mac cue to express his concern. according to this fbi affidavit, this little boy and others were punched and slapped. one child was dragged across the floor. >> we thought, of all the different options, putting them in a child care facility during the day that was on a military base, that was pretty well-staffed, would be the safest, most secure environment for them. >> reporter: it all began back on se
about the pentagon. talk about federal workers. talk about obviously the unemploy unemployed whose benefits are going away. >> absolutely. the biggest -- the most dangerous thing, the fiscal cliff is the unemployment insurance. if we go over for a month we can sort of trick everything else. we can -- the irs can do some tricks to make it so you don't feel tax increases quickly. we can do tricks to make it so we don't lay off people at pentagon, we can furlough them. there's no trick with unemployment insurance. if we go over the cliff and don't do anything by unemployment insurance, 2 million people, hardest hit by the recession, will lose their unemployment insurance. that's number one. we're going to have the payroll tax cut expire, that's probably going to happen if we do reach a deal, that's one of the most important pieces of stimulative policy. the same said for refundable tax credits, helps poor folks. the same with the child tax credit. these have been really important for the working poor. you're going to see very, very big cuts to the government over time. we could paper
. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democrats here in congress feel that it's a win-win for them politically. the one thing i will tell you very quickly, the pushback on this narrative that i heard from senate republican leader in the hallway. he said, do you remember who the speaker was during the hoover administration? i said, no. he said, that's my point. nobody will remember who the speaker was if ge into a recession but it's
part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war i
and exchanges. >>> a bus bomb targeting. we are live from the pentagon with details. >>> his time has come again, a man from the '60s is getting a start again, lester chambers joins us back. >>> welcome back to "starting point." we've been talking about the blizzard and storm warnings from the deep south all the way to new england. we'll look at seymour, indiana, lexi sheen has drawn the short straw, she's from wlky and getting hammered. >> reporter: that's right, drew. things have calmed down. let me give you a look behind me. you can't see the tire tracks from where we came in 5:30 but the roadways are snow covered, two, two and a half inches have fallen since 4:00 this morning. we barely missed having a white christmas in seymour, indiana. indiana state police are advisi advising people to stay off the roads. they are urging everyone to stay home if it is at all possible and kind of a good day to do that. we were pointing out earlier this is the good snow, the stuff the kids like to play with, snowballs, snowmen, all of that good stuff but it is still dangerous. the roadway is slippery, slush
for the pentagon. defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. starsaving at citi.com/pricerewind. dagen: more good news for recovering the housing market. home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that is also a marketing ploy. you can get there from here
questions. the pentagon and all the other government agencies told their employees that they're not going to do anything with the sequester in january, because they're assuming congress will get its act together in january, february or so. so the idea that the markets are going to panic over this, you know, i think is a red herring. who knows? maybe they tank tomorrow. maybe they go through the roof. but i don't see that happening. though if it did that would drive things a little bit. >> do you have any sense they're feeling pressure from constituents at all? i would describe this as people are profoundly unhappy. >> that's a great point. congress' approval ratings are abysmal. but the pressure from the right for conservatives to cut a good deal, all this discussion about chained cpi is confusion. basically it means that republicans want to include entitlement reform as part of a deal. but why did they take that off the table? because when the debt ceiling comes next year, they can have a bigger fight about entitlement reform. so the big story today is that republicans are starting to re
that we'll have quadrennial review, a 4-year plan just like the pentagon. i don't know that is the best model to work on. gerri: i have to ask you about bp today. >> sure. gerri: because there's big news coming from bp. the federal government says you're disqualified from winning new contracts. here's bp statement. suspension that is due to bp's lack of business integrity as dep straighted by the company's conduct with regard to the deepwater horizon blowout explosion, oil spill and response. now the stock did not really get hit today. what is your estimate what this means? >> i think it will be a temporary move. i think the obama administration again is wanting to show, hold up bp, that we're punishing them. this is enormous company. it is one of the biggest oil and gas producers in the u.s.. gerri: doesn't it matter if it loses contracts from the u.s.? >> they have a lot of contracts already. so those contracts don't go away. there is enonly on new contracts. it is important but i think it is a temporary deal. gerri: robert, you must come back and sit on the set again. always a pleasu
these numbers, there are also a bunch of other issues, you know, 800,000 pentagon workers could be furloughed, all kinds of other issues where emergency unemployment benefits might be ended. so there are lots of complications. but let's talk about people's portfolios, and if we were to go over the cliff which you don't believe is going to happen, but if we were, what would you invest in right now? >> i'd stick to being very conservative. there's a good chance we could dip into a recession. in that type of environment, you want to be in very safe and secure stocks, and you want to have a more conservative portfolio. you want to be invested in the high quality fixed-income and not be that global in your organization. liz: how would you characterize picking a secure stock? >> high dividend growth rate, very strong dividend payout rate as well, so one of those solid blue chip, large cap type of companies. liz: treasuries. i mean, the yield is kind of pathetic. >> and quite frankly, because i do think this'll be resolved, and i think treasuries are going to be one of the worst investments in the n
the pentagon. what did she tell you? >> reporter: well, this really is a heart breaking case. you know, i just have to put it in perspective, a military installation, a child care facility, a stone's throw from where i am standing at the pentagon, it would take me just a few minutes to walk across the road to this child care operation. a mother who has now learned that her young toddler was one of the victims of this alleged child abuse decided to speak out about it. she wanted her face shielded, she wants her children's privacy protected. she still worries about retaliation against her husband, by the military, but she tells us a chilling tale. >> all along this first week when we were being sort of given piecemeal information, denied access to the videotapes, we were also being asked if we wanted to seek medical care for our child. so -- >> medical care for what? >> for what, obviously. we wanted to understand and see with our own eyes since that evidence was available. >> barbara, it took a long time for the information to come out. why? and what steps is the department taking, the defense
be a massive hit on the pentagon budget and what that means for our national defense. big deal. >> absolutely. thanks. joining us for a closer look at the fiscal cliff negotiations, ron johnson, a member of the appropriations and budget committees in the senate. thank you for taking a break from a busy time to visit with us. >> thank you. >> i want to get a response from the comments to the president. he said that g.o.p. can't take yes for an answer. is there an offer that would have been acceptable to the house or the senate g.o.p.? >> not that i am aware. people throw the numbers around, like there is a deal, $1 revenue for $3 spending cuts, i have never seen those deals. senator harry reid should have made sure the senate passed a budget, sometime in the past 3 years and that would be reconciled with the house and you would have a framework, you know, a budget resolution that the committee -- the appropriations committee, the house ways & means committee, senate finance committee, they would have the instructions to work on the difficult problems npublic. have a public debate. we are down
headquarters. this time the attacker is a woman. we have a live report from the pentagon. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> car bomb exploded today outside a u.s. base in eastern afghanistan. a security guard and two truck drivers were killed and six civilians were wounded. the taliban carried out the attack which happened after a mini bus stopped at a security gate. it was the site of a 2009 attack that killed seven cia contract oregon and a jordian intelligence officials. >>> officials in afghanistan are learning more about a woman that shot and killed an american contractor. we want to bring in barbara starr at the pentagon. some of the things we hear about when you talk about insider jobs are the taliban dressed as women with the high jab and everything. we know this was a woman responsible for the attack. what h
game is down right nasty. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the
the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, if they can't be assured of continued employment. >> reporter: congressman moran says if we go over the cliff, which he thinks we will, then the impact and severity of the automatic defense spending cuts depend how long they are in place into the new year before congress finally fixes this fiscal clif
about her identity. let's get that from barbara starr at the pentagon. hey, barbara. what are we learning about this woman and this attack? >> reporter: well, victor, all we know so far really is what the afghans are saying. there was a press conference with senior afghan ministry spokesman and he held up a very interesting passport, he says the passport of this woman and it is iranian, that she is an iranian citizen who came to afghanistan and married an afghan man. he also said she had some fake identity documents, but this is certainly raising the prospect that the shooter was iranian. so far, however, no indication yet she's tied to the taliban, that she is officially tied to iran at this point, or to any terrorist groups. by all accounts she came to kabul, police headquarters had a weapon hidden under her clothing, removed it, said she was looking for someone to shoot and walked out behind this u.s. contractor. he's now been identified as 49-year-old joseph griffin of mansfield, georgia, working for dime corp. international, a major u.s. firm working in afghanistan to help t
that preparation before running into the pentagon and he has done a is he person job. very tough job. even he said that we face some dire devastating times ahead if sequestration goes ahead. chuck hagel seems to think that we can cut, quote, more the bloat out of the pentagon. there probably is some over there. but you need to understand the system right, given of the republican opposition i don't know that the president gets a lot of credit for bipartisanship. more likely the cuts that they agree on. lt. colonel bob maginnis thanks so much we appreciate it. >> thanks, dave. >> small businesses set to take big hits in 2013. that could take an effect on your wallet. we'll explain next. my pet chicken just saved my life. how this hero bird came to the rescue of an entire family. and that's not even the coolest part of this story. i'm sticking around. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve
at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go home. and he accomplish thad in des rt storm, commanding more than 700,000 coalition forces, more than 500,000 americans and an air and grown campaign that lasted barely 100 hours, and then it was done. his own chief, former president george h.w. bush, issuing a statement from his hospital bed in houston, saying "general norm schwarz cough, to me, epit to mized the duty, service, country creed that has defended our k e freedom and seen this nation through our most trying international crises, and more than that, he was a good and decent man." that from former president george h.w. bush. he is remembered for his fiery temper, bu
with the sequester? where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense, half of that is discretionary. the kick the can mini deal solution that we're talking about would identify some subset of spending cuts that would be the lowest hanging fruit still available that might turn off the sequester, or they could just turn off the trigger all together. the sequester exists because of a law passed by congress, another law passed by congress could change it. >> good to see you, john. thanks for the update. >> mastercard spending pulse saying it's the lowest level of 2008. high end is one of the areas getting hit hard. tom is managing director at the tellsee advisory group
over its price. but lockheed and the pentagon have come to terms to buy another round of the jets for nearly $4 billion. morgan stanley calls the f-35 the single most important investment debate over lockheed stock. second, cash will be king. as defense spending slows, analysts say many defense companies will reduce share buyback programs and conservative capital. and look to international customers to make up for lost business at home. third, it's a bird, it's a plane, it's big brother. as criticism rises over the use of drone strikes by the obama administration, look to see companies launching drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding the im
of the policy moves in the direction of the democrats, right? tax rates go up. big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles
resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of videotapes. the allegation is made on september 26th. the tapes go back one month. and they don't know what might have happened before that. suzanne? >> all right. barbara starr, thank you for following that story. appreciate it. >>> meet a man who has taken a stand on the national debt by trying to pay it off himself. and a choice. h n take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searc
coalition troops, contractors have been killed in these incidents. >> barbara starr at the pentagon, thank you for that. >>> lisa sylvester is monitoring some of the other top stories in "the situation room." >> well, egypt's new upper house of parliament convened today. they will have legislative powers until a lower house is elected. signed in to what you, the controversial charter was approved in two weekend rounds of voting but turnout was just 32%. critics say the constitution excludes minority rights. >>> and the recovery in the housing mar are ket remains on pace. home prices up 4.3% in october over last year. that is the biggest percentage increase and n. more than two years. near record low mortgage rates and fewer foreclosures are pepping spur saleses which is boosting prices. >>> and the world's longest high speed rail line is up and running in china. the 1428 mile line spans more than half of the country linking the capital of beijing to the southern chinese boom city. trains will run at 186 miles an hour on average and china aims to have more than 74,000 miles of high speed ra
Search Results 0 to 25 of about 26